Find CBSE Class 12th Economics Solved Sample Paper Set-I for CBSE Board exam 2016. This Sample Paper has been solved as per the standards followed by CBSE Board. This sample paper will be helpful for the students to practice and prepared the new and innovative question of Class 12th economy subject.
A few Questions from this Sample Paper are given below:
Q. Which central problem is highlighted by possibility curve?
(a) What to produce
(b) How to produce
(c) For whom to produce
Sol. (a) What to produce
Q. What is the effect of a rise in income of the consumer, with prices of goods X and Y remaining unchanged, upon the budget line?
Sol. A rise in income, with prices remaining unchanged, will shift the budget line parallel upwards/rightward.
Q. Which of the following is responsible for leftward shift of supply curve?
(a) Improvement in technology
(b) Fall in prices of inputs.
(c) Fall in prices of other goods
(d) Increase in excise duty.
Sol. (d) Increase in excise duty.
Q. Identify the central problems of an economy.
Sol. (i) What to produce
(ii) How to produce
(iii) For whom to produce
Q. EdP = 1 means…….
(a) No change in demand due to change in price.
(b) More proportional change in demand due to change in price
(c) More proportional change in demand is equal to proportional change in price.
(d) Less More proportional change in demand than that in price.
Sol. (c) More proportional change in demand is equal to proportional change in price.
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